Ccertified, sorry to hear you had a loss.However the decision to...

Ccertified, sorry to hear you had a loss.

However the decision to act was yours, nobody forced you to press the buy button.

Forums can be both extremely informative and downright dodgy at times. You need to do your own research and satisfy yourself it is worthy of you parting with money.

To do so only based on what someone said about a company, or because of a TA statement and/or chart alone is fraught with danger. No matter how confident they seem, don't make a decision based on that alone.

The responsibility is yours and yours alone for any loss or gain. Blaming others is no only wrong, but also displays that maybe the lesson you need to learn to control is looking back at you in the mirror. And I mean that in the nicest way possible, not in a derogatory sense.

Me and many others here post charts and information based solely on what we believe MAY occur, it doesn't mean it WILL occur. Sometimes we are wrong and sometimes we get it right. You should never base a decision to buy, hold or sell based on what is posted on a forum. If you do you are taking a huge risk, in your case twice and lost as you point out.

Learning to control myself and my emotions was the best thing I ever did in regard to investing (any investing) and share trading many years ago. That and reading forums as an information source only, not as a decision making medium. As someone I once read stated, "Your own worst enemy is staring back at you every time you look into a mirror". Never a truer word said.

Start here, worth a read...

http://www.incrediblecharts.com/trading/trading_psychology.php

From there learn to apply emotion control in your trading of shares or in ANY investment decision. You will find that you will start buying goods/assets far cheaper shares, cars, houses anything. You will never pay full tote odds again. You will also take what others say with a grain of salt until you truly believe what was said was fact.

Like trading shares, reading the above and taking it further is your decision. If you don't and you keep making the same decisions, you will repeat the same mistakes and have nobody else to blame but that person you look at in the mirror each day. You will also learn the fear of losing and the fear of missing out are equally powerful emotions, forums emanate from and feed on them.

Not TA or FA...but a little PA based on personal experience.

i.e
Harden up, take responsibility for your own actions, control your emotions, take less notice of what other posters say and eat more concrete (don't forget to add prunes they are good for your digestion).